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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (31307)	4/11/2010 9:42:54 AM
From: GUSTAVE JAEGER	Read Replies (1) \| Respond to of 81130

Re: Do you expect the E.U. to break up? No, I merely expect the euro to keep falling... The EU is much more than a currency/monetary club --it's mainly a (geo)political work-in-progress. However, the EU isn't similar yet to the US or even Canada (as a federation of 11 provinces). If California goes bust, well, nobody expects the IMF to come in to help California to pay its debts... as it happens with Greece. American citizens don't view their fellow Americans from other states as "foreigners" who don't deserve any kind of fiscal/financial solidarity. US states that are export-oriented (California, eg) or tourism-oriented (Florida, NY,...) would likely prefer a weak dollar, whereas oil-producing states (Texas, Alaska) would prefer a stronger dollar... Yet, these conflicting monetary interests no longer escalate to the point of political secession. Gus